A batch of US inflation data is due this week, which could add to economic pressures as the war with Iran continues.
Cryptocurrency markets rose slightly over the weekend, reaching a weekly high in Monday morning trading in Asia. But this week’s inflation reports could put a damper on things.
Meanwhile, US stock market futures fell on Monday with peace talks over the Iran war Stopped President Trump said he did not like Iran’s response to the peace proposal. At the same time, oil prices rose by about 4% to reach $100 per barrel.
Iran also refused to dismantle its nuclear facilities in response to the US peace proposal, as the stalemate continues. The focus this week will also be on Trump’s visit to China and his expected summit with Chinese leader Xi Jinping.
Economic events from May 11 to 15
Consumer price inflation data for April will be published on Tuesday. The report will evaluate the impact of rising energy costs and the chances of the Fed cutting interest rates in the coming months.
The PPI inflation report follows on Wednesday, providing more information on inflationary pressures, which are expected to increase due to the war in the Middle East.
Other data this week includes April existing home sales numbers and April retail sales data on Thursday, which will give signals on whether consumers are confident enough to spend despite rising energy prices. Weekly unemployment claims are also scheduled for release on Thursday, and industrial production data on Friday.
Main events this week:
1. Existing Home Sales Data for April – Monday
2. CPI inflation data for April – Tuesday
3. Producer Price Index inflation data for April – Wednesday
4. OPEC monthly report – Wednesday
5. Retail sales data for April – Thursday
6. Industrial production data for April – Friday
More important…
– Al Qubaisi Letter (@KobeissiLetter) May 10, 2026
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“For incoming Fed Chairman Kevin Warsh, these (jobs) numbers will likely eliminate any possibility of a near-term rate cut,” said Nick Rees, head of macro research at Monex, according to the Wall Street Journal.
“A flexible labor market increases the risk that higher energy costs will translate into a broad-based increase in price growth,” he added.
Crypto market forecast
Cryptocurrency markets rose nearly 1% over the past 24 hours to reach $2.8 trillion on Monday, their highest level since late January.
It was Bitcoin Leading The fees exceeded $82,300 in late trading on Sunday before falling to the $81,000 level on Monday morning. The asset has risen steadily, adding 11% over the past month.
Ether prices reached $2,380 but found resistance there and fell slightly during Asian trading. Altcoins were largely mixed with slightly better gains from XRP, Solana, Cardano and Sui, which rose nearly 20% after an expected boost in the market.
